Which of the Following Is Likely to Shift the Demand

question 92

Multiple Choice

Which of the following is likely to shift the demand curve for a normal good to the right?

• A)A decrease in income,if the good is a normal good
• B)An increase in the price of a complementary good
• C)A decrease in the good's price,if the good is normal
• D)An increase in the good's price,if the good is inferior
• E)An expectation of a shortage in the future

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Definitions:

Null Hypothesis

A hypothesis that assumes no statistical significance or relationship between the variables studied, serving as a default position until evidence suggests otherwise.

Benefit Packages

A collection of non-wage compensations provided to employees, such as health insurance, retirement plans, and paid time off.

Pay Structures

are the organization of different levels of salaries based on roles, experience, and seniority within a company, providing a framework for compensation.

Pensions

Retirement plans that pay a fixed sum to individuals on a regular basis, typically after retirement, based on salary and years of service.